Pyramid Saimira chairman’s stakes go down to 17 percent

October 1st, 2009 Top powers meet Iran over nuclear programGENEVA — The United States and five other world powers have begun high-stakes talks with Iran to demand a freeze of its nuclear activities. A senior U.S.

September 16th, 2009 Details on costs of Baucus health care billA rundown of the new spending in Senate Finance Committee Chairman Max Baucus' health care overhaul bill, and a look at how it's paid for. The numbers are 10-year totals covering 2010-2019.

September 6th, 2009 Kuwait fund: No plans to sell Citi, Merrill stakesDUBAI, United Arab Emirates — Kuwait's sovereign wealth fund says it has no plans to sell off the stakes it took in Citigroup and Merrill Lynch because it has faith in the U.S. banks' long-term potential.

July 5th, 2009 PENANG - Phones are catching up with TVs, and the number of phones being used by 'bottom of the pyramid' households have already outpaced the number of radios and computers in South Asia, researchers have said. LIRNEasia, a Sri Lanka-based Asia-Pacific information and communication technology (ICT) policy and regulation capacity-building organisation, said in India a hundred bottom of the pyramid (BOP) households now had 50 TVs, 38 phones, 28 radios and one computer.

May 27th, 2009 BANGALORE - As part of its commitment to address the lower part of the pyramid, the Rs.150,000-crore Tata group is innovating affordable products for the masses, its chairman Ratan Tata said here Wednesday. "We have taken a conscious decision to innovate products that are affordable for the masses, which account for about 70 percent of our population," Tata told students of the premier Indian Institute of Science (IISc) here.

May 25th, 2009 NEW DELHI - India's Bharti Airtel and South African telecom giant MTN have resumed talks to hold stakes in each other's companies, restarting the negotiations that had collapsed last year. Thr two groups are discussing options under which Bharti will acquire 49-percent stake in MTN and the South African company will buy 36-percent stake in the Indian company, the two firms announced Monday.

March 23rd, 2009 BEIJING - Twenty-eight people were jailed Monday by a Beijing court that found them guilty of running an investment scam that defrauded over 22,000 investors. The accused, who all worked for the Yilin Wood Company, were alleged to have defrauded more than 22,000 investors of 1.68 billion yuan ($246 million) by promising high returns on sales of forestry plantations.

February 25th, 2009 CAIRO - Egyptian archaeologists have discovered a 4,000-year-old statue as they carried out routine cleaning work at one of the Giza pyramids. The 149-centimetre-long statue was found Tuesday buried just 40 centimetres below the surface of the sand in the northern part of the King Men-Kau-Re's pyramid (2551-2523 BC).

February 17th, 2009 MEXICO CITY - A plan for light and sound shows at Mexico's Teotihuacan pyramids, known for its large residential complexes called 'street of the dead', has received a setback with hundreds of tourists voting against it. Most of the tourists who recently visited the pyramids, which were built in the pre-Columbian Americas, opposed the government plan in a signature campaign, saying the beauty of the pyramids is in its natural form.

February 11th, 2009 CAIRO - Archaeologists in Egypt discovered a 'perfectly preserved' mummy inside a 2,600-year-old lime sarcophagus north of Cairo Wednesday, Egypt's antiquities authority said. Scientists said they believed the mummy, one of 30 discovered in a previously forgotten tomb near the step pyramid of Saqqara, could have been a nobleman from the time of the 26th Dynasty.

February 11th, 2009 NEW DELHI - Rural population is the key growth driver of India's telecom industry though 'affordability still remains a key issue', said a study released here Thursday. According to the study by LIRNEasia, and information and communication technology policy organisation, 27 percent of the total mobile owners at the bottom of the pyramid (BOP), or the poorest socio-economic group, were added last year, whereas the urban areas added only 19 percent.

January 3rd, 2009 CHENNAI - The Tamil film industry is keen to put 2008 behind, as it saw 100 of the 115 films released crash at the box office, including the Rajnikant-starrer 'Kuselan'. The industry is banking on a few big-ticket releases in early 2009, even as it tries to find a strategy to minimise losses.

December 23rd, 2008 CHENNAI - To emphasise that he has no wish to leave the company he heads, Pyramid Saimira Theatre chairman P.S. Saminathan Wednesday said he had a more 'attractive offer' for his holding even before receiving a fake directive to sell out.

December 22nd, 2008 CHENNAI - Entertainment firm Pyramid Saimira Theatre will lodge a criminal complaint with the police to investigate the origin of the letter purportedly sent by the market regulator asking the firm's promoter to make an open offer at Rs.250 per share, saying it was forged. Addressing the media here Tuesday, Pyramid chairman P.S.

December 22nd, 2008 CHENNAI - The Securities and Exchange Board of India (Sebi) will investigate the origin of the 'issue open offer' advisory, dated Dec 19, sent under its letterhead to Pyramid Saimira Theatre, the market regulator said Tuesday. It also categorically stated that it has not issued any letter to Pyramid Saimira chairman P.S.